Advanced Petrochemical Company (Advanced) announces interim financial results for the period ended 30/06/2013:
1. Net profit during the Q2-2013 was SR 136.7 million compared to SR 53.9 million for the same quarter last year with an increase of 153.62% and compared to SR 117.9 million for the previous quarter with an increase of 15.95%.
2. Gross profit during the Q2-2013 was SR 150.6 million compared to SR 67.8 million for the same quarter last year with an increase of 122.12%.
3. Income from operation during the Q2-2013 was SR 140.1 million compared to SR 58.1 million for the same quarter last year with an increase of 141.14%.
4. Net profit during 6 months was SR 254.6 million compared to SR 111 million for the same period last year with an increase of 129.37%.
5. Earnings per share during 6 months was SR 1.553 compared to SR 0.677 for the same period last year.
6. Gross profit during 6 months was SR 283.4 million compared to SR 137.2 million for the same period last year with an increase of 106.56%.
7. Income from operation during 6 months was SR 261.9 million compared to SR 118.7 million for the same period last year with an increase of 120.64%.
8. The reasons for the increase in net income of Q2-2013 compared to Q2-2012 are mainly due to the increase in sales quantities and decrease in feedstock prices.
9. The reasons for the increase in net income during 6 months of year 2013 compared to the same period last year are mainly due to the increase in sales quantities and decrease in feedstock prices.
10. The reasons for the increase in net income of Q2-2013 compared to the Q1-2013 are mainly due to the increase in sales quantities and reduction in feedstock prices.

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